TRW Automotive Holdings Corp.’s (NYSE:TRW) subsidiary settlement with the U.S. Department of Justice was not exactly expected, according to Sterne Agee, and the firm predicts that the European settlement will be lower. The firm recommends buying shares on the news.
Avalonbay Communities Inc. (NYSE:AVB) revenue growth is expected by KeyBanc to decelerate during 2H 2012 because of tougher comps and slowing traffic. The firm sees risk to 2013 Street estimates, which overestimate NOI growth, and the firm keeps its Underweight rating on the stock.
Citrix Systems, Inc. (NASDAQ:CTXS) weakness is in relation to high priced acquisitions in the space as well as overdone perceived competitive disadvantages, according to Morgan Stanley. Also, the analyst note that Citrix was an early investor in Nicira and probably had right of first refusal and passed. Shares have an Overweight rating.
Tempur Pedic International Inc. (NYSE:TPX): According to Wedbush, International Sleep Products Association, or ISPA, data suggests that June domestic mattress sales indicated that growth is slowing. The firm stated that the largest growth slowdown was for non-innerspring brands, like Tempur-Pedic (NYSE:TPX), Select Comfort (NASDAQ:SCSS), and iComfort.
VCA Antech Inc. (NASDAQ:WOOF) reported lower than expected Q2 revenue, causing Barrington to view that company’s July performance as more than satisfactory. The firm predicts success in regards to the company’s strategy, and it views its valuation as compelling for long-term investors.
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